Almaty, Kazakhstan - October 12, 2025 - TauKen Group, one of Kazakhstan’s leading mining services firms, has successfully completed a rigorous two-month Know Your Customer (KYC), Anti-Money Laundering (AML), and onboarding process with Ernst & Young, culminating in the preparation of its consolidated financial reports for 2022, 2023, 2024, and the first half of 2025. The milestone marks a pivotal step in the company’s strategic roadmap toward full bankability and international financial integration.
“The road to bankability is only paved with compliance” said TauKen Group’s CEO Mr. Abay Adil, echoing the company’s commitment to transparency, governance, and global standards. With the completion of its audited financials, TauKen Group now joins a select group of private enterprises in Central Asia that meet international compliance thresholds, positioning itself as a credible counterparty for global financial institutions.
The reports, finalised in October, were prepared by Ernst & Young’s Kazakhstan office following a comprehensive onboarding and due diligence process initiated in May. The engagement included forensic reviews, financial consolidation across subsidiaries, and alignment with international reporting standards - all essential prerequisites for accessing cross-border capital.
Strategic Growth Backed by Gliese Capital
TauKen Group’s compliance achievement comes at a critical juncture in its corporate evolution. Earlier this year, the company welcomed Gliese Capital as a major shareholder. Gliese Capital, a global investment firm with a footprint in emerging markets, specializes in strategic investments across infrastructure, energy, and industrial sectors. Headquartered in Almaty, and with representative offices in London and Dubai, the firm brings deep operational expertise and capital access to TauKen’s long-term growth ambitions.
Gliese Capital’s Director General Abdul Halim commented “we are committed to building enduring value in frontier economies through disciplined investment and operational transformation”. Its involvement with TauKen Group reflects a shared vision for industrial modernisation and regional development.
The partnership is expected to unlock new financing channels for TauKen Group, including syndicated loans, equipment leasing, and structured project finance - all underpinned by the company’s newly bankable status.
TauKen Group: A Pillar in Kazakhstan’s Mining Sector
Founded in 2001, TauKen Group has grown to become the third-largest mining services company in Kazakhstan by volume of rock movement, blasting operations, and civil engineering groundworks. The company operates across key mining regions including Karaganda, East Kazakhstan, and Aktobe, servicing national companies and strategic infrastructure projects.
Its core competencies include:
- High-volume rock excavation and haulage
- Precision blasting and geotechnical services
- Civil engineering for industrial and mining infrastructure
- Equipment procurement and fleet management
TauKen Group’s five-year expansion program, launched in 2025, includes a 5-year, $600 million procurement initiative for heavy machinery and advanced blasting systems. The program is designed to support new contracts with national companies and enhance operational capacity across Kazakhstan’s resource-rich territories.
Compliance as a Competitive Advantage
In an increasingly regulated global financial environment, bankability is no longer optional - especially for companies seeking international partnerships and capital. TauKen Group’s successful onboarding with Ernst & Young and its retention of the firm for multi-year financial reporting signals a shift toward institutional-grade governance.
“Compliance is not just a checkbox” said Mr. Abdul Halim. “It’s the foundation for trust, scale, and global relevance. TauKen Group’s achievement sets a new benchmark for private enterprise in Central Asia”.
With its financials now independently verified and its governance aligned with international standards, TauKen Group is poised to engage with global lenders, institutional investors, and strategic partners. The company’s next phase will focus on capital deployment, operational scaling, and regional leadership in mining services.
Website: www.taukengroup.com
Media Contact: media@taukengroup.com